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NNPCL reduces fuel price

Nigerian National Petroleum Company Limited has reduced its premium motor spirit pump price barely 48 hours after the hike across retail outlets.

News360 Info gathered on Wednesday that NNPCL retail outlets have adjusted their fuel pump price downward to N900 per litre from N955.

The state-owned oil firm retail outlets in Gwarimpa, Kubwa Expressway, Wuse Zone 6, and Wuse Zone 4 have implemented the new petrol pump price as of Wednesday morning.

“On Tuesday we sold fuel at N955 per litre, but it is now N900,” an attendant working with the NNPCL retail outlet in Abuja told DAILY POST anonymously.

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This means that NNPCL reduced its fuel by N55 per litre after effecting a hike on Monday to N955 per litre.

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Outside NNPCL retail outlets, Ranoil and Empire Energy filling stations in Gwarimpa, Abuja, have adjusted their fuel prices to N955 and N950 per litre, respectively, from N971 and N970.

Meanwhile, when  called upon, the managers of MRS filling stations in Abuja, he said their fuel pump price has remained at N885, the same price reported by News360 Info on Tuesday.

Recall that the market had earlier blamed the recent fuel price hike across filling stations on the increase in the ex-depot prices of the product in Dangote Refinery and depots.

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